Revenue and expenses taking a hit is no surprise
The year before SYR sold 162kt of flake graphite at a higher average price than the ~92kt sold pertaining to this annual report
The costs of sales is based on volume not sales price so comparing it to the drop in revenue is misleading. SYR also has a permanent sales workforce so there are fixed costs
The year before SYR didn't have a fully staffed Vidalia and the associated expenses both salary and overheads which go with having a larger workforce. SYR are also pumping money into the Vidalia community as well as Balama.
I'm wondering if selling 162kt of flake graphite from a single mine is a record.
Ann: 31 December 2023 Annual Report, page-20
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